Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia
Strategic and Managerial Responsibilities
• Participates in the organization strategy articulation process along with other members of the Management Team
• Develops the strategy for the Internal Audit and Compliance Management Division in line with the stated organizational priorities
• Leads the preparation and management of annual budget for the Division and secures subsequent approval, ensures expenditure tracking and adherence to the budget
• Forecasts the workforce requirements for the Division and obtains requisite approvals.
• Defines the operating framework and policies for the Division and ensures compliance with internal quality standards
• Liaises with internal and external stakeholders to ensure seamless execution of services within and outside the Division
• Drives a unified work culture in the company and its affiliates through initiatives that aim at team building and cohesive solutions
Internal Audit Planning and Strategy Implementation
• Implements the developed Divisional strategy in line with the organizational objectives and/or the Board/Audit Committee mandate
• Develops procedures, schedules, priorities and programs, in order to conduct:
• Financial Audits: For reviewing and appraising the soundness and adequacy of internal accounting controls, determining to which extent assets are properly accounted for and safeguarded from losses and establishing the reliability of accounting data maintained in books and records
• Operational Audits: For reviewing and determining the extent to which the company’s policies and procedures are followed
• IT System Audits: For reviewing the Information Technology systems and activities which convert, process, transmit and store data accurately and completely, in an efficient manner, with reasonable provision for security and back-up of data and data processing assets and recovery in the event of loss of either
• Compliance Audits: For reviewing the compliance with applicable laws, regulations including the CMA regulations and internal policies and procedures
• Special Assignments and Fraud Audits: For identifying any special audit requirements (special audits/performance audits etc.) and directing the audit team to undertake such audits as required by the Board/Audit Committee
• Establishes specific auditable areas by identifying key business areas, key functional areas across the organization, Key project areas, key risk areas and technology systems which support the operations
• Develops a flexible annual audit plan (audit calendars and schedule) using an appropriate risk-based methodology, including any risk or control concerns identified by management and submits the plan to the Audit Committee and relevant stakeholders for review & approval
• Identifies and ensures the availability of adequate resources as per the internal audit plan
Audit Review & Supervision
• Supervises audit staff in planning, organizing, directing and monitoring internal audit operations and taking corrective actions to address performance issues. Might participate in the audit process activities, when needed
• Undertakes the desired coordination with concerned stakeholders to ensure effective conduct of audit and coordinates with concerned Department/Division/Section of the company for following up with respect to the action taken to address the issues highlighted by Internal Audit
• Ensures adherence to applicable quality standards during internal audits and reporting
Risk Management Audit
• Liaises with the concerned Department/Division/Section of the company with risk identification, assessment and management, by providing internal audit related information and findings
• Leverages a risk based approach, determines audit scope and identifies risks and implications in performing specialised audit activities in multiple disciplines
Audit Reporting and Evaluation
• Ensures the development of requisite audit reporting guidelines in line with the organizational requirements, statutory guidelines and best practices
• Leads the audit team to produce timely and effective audit reports in line with the prescribed reporting standards, while undertaking the review of the audit reports being produced
• Assists with the development of recommendations (impact assessment, resource assessment etc.) based on the audits conducted
• Presents key findings on a periodic basis to the Audit Committee and/or the Board of Directors
Audit Integrity and Standards
• Establishes internal audit guidelines, policies and procedures in accordance with statutory requirements, professional auditing standards and best practices
• Ensures that the audit team adheres to the applicable audit and integrity standards while maintaining independence during their audits
• Ensures development and implementation of documentation and recording standards for the Division
• Liaises with the external auditors to discuss the areas of risk (if any), update/clarify any findings and discuss the recommendations provided
People Management Responsibilities
• Defines goals, in line with organizational goals, and key performance indicators for each member of the team and ensure effective implementation of the company’s performance management process
• Develops talent within the team by providing guidance and coaching to achieve the defined goals
• Drives a culture of feedback and coaching in the Division by providing feedback on an ongoing basis, identifying development needs and coaching the employees on the areas of improvement
• Performs other responsibilities and tasks as directed by the CEO/Audit Committee in order to meet Department objectives
Job Details
| Date Posted: | 2016-11-13 |
| Job Location: | Jeddah , Saudi Arabia |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Employment Placement Agencies/Recruiting |
Preferred Candidate
| Career Level: | Mid Career |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: | Bachelor's degree |
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